We live in an era where inflation is rapidly exceeding income. The prices of housing, food, healthcare, education, and many other things have increased. how to make money with 5 lakh rupees, What if you get some great business ideas with an investment of 5 lakhs?
In such a situation, people with regular or fixed incomes are facing difficulties in running the house.
Do you want to start a business but are worried about money? You always need an idea and investment to start a business. Various people come up with a lot of schemes, but usually, they are short of capital. This is the main reason why people fail to set up their businesses.
So, to overcome this problem, they can start their own small or home-based business as a side income or simply focus on it and earn good money.
If you are above 30 and you do not have a good income job then here are some tips for you that I have seen people do to earn more than 1 lakh per month in my entrepreneurial journey.
- Go in for business, and take risks, because it is extremely difficult to get a 1 lakh rupees salary in India.
- Become a partner in a business, if you do not want to run a business then become a partner and let other partners run the business for you and take part of the income to your home every day. “I have invested my extra money in some apps/startups and a hotel business”. Hit me up with a message if you want more info on how to evaluate, and I’ll help you out.
- Never keep more than Rs 50000 in your savings account, take a little risk Keep your money invested in different assets. (Bounce Tip, Invest in both online and offline).
- Be physically healthy, and go to the gym at least thrice a week. Trust me, it will have a serious impact on your confidence and motivation.
- Stop making friends, start building relationships. When you have friends you start gossiping, when you have connections you talk about things/things/help you need.
- Rs 1 lakh per month means you are no longer in the middle class, so start acting like one. (attitude matters)
- Sell your liabilities or convert them into assets.
- This is the best and easiest way to get a good income if you have around 1 crore rupees in hand, just “invest your money to buy building/premises and set them up on rent”. It is a stable and safe way to invest your money in real estate.
- I am 27 years old and I don’t have much experience in this field but this answer is said by experienced people whom I have met personally and these people were once broke and are earning a lot now.
The best business idea you can start in less than 5 lakhs
Requirements for starting a business
Suffice it to understand that setting up a business is always easy, as it requires a lot of planning, study, and hard work. Here are some requirements to start your venture:
- enough money to start a business
- Skills Required in the Special Area
- Interested in proving your product or service
- Perseverance to face all odds till you start making a profit from business
- Proper license from government officials
- With excellent planning, all these things can lead to a successful business from home, or online, with the proper structure according to your venture.
List of Best Best Business Ideas
If you don’t have a lot of capital but want to start something of your own, don’t worry. Many businesses can do this with small capital investments, but the returns are promising. Here are some of the best business ideas in India with a 5 lakh investment-
1 Online Advertisements
With the increasing use of the internet, online business has seen a huge boom. Every business wants to make its name and place online to increase its customer base and profit. You can take advantage of this and earn money by going on online adventures.
According to reports, in the year 2019, the online advertising business earned about Rs 600 crore in revenue and now you too have a chance to be a part of it. You can start your service-based company with an investment of 1-3 lakhs.
But, you will need a strong command of knowledge about online advertisements, how social media works, networking skills, etc. You can earn a decent amount in this business if you manage to create your customers and fulfill their demands.
2 Franchise Stores
A slew of ideas might be running through your mind, but opening a franchise store might be the best of them. There are many benefits of opening a franchise store, such as:
The important advantage is that you will get an already-sold customer base. This means that people who are already aware of and using the brand will not have to worry much about marketing the brand. Many franchisees can help you from pre-opening to completion of operations.
They also provide free training to staff members and managerial support. Investment in franchises varies from franchise to franchise, but many franchises can be started with less than 5 lakhs.
3 Food Truck
It is a great way to open a food outlet and is very much in trend these days. The best would be to buy a used car and start cooking and selling it. This can be a great idea as people like it because it is relatively clean for an open food stall.
The important advantage of this business is that you can move your truck from one place to another as per your choice. You can go to the university campus, corporate offices, tourist areas, or anywhere you think there are more people.
This can be one of the best business ideas with an investment of 5 lakhs as it is profitable, you do not need to pay any rent for the place and you can work at your convenience. You need to ensure quality and cleanliness; If people love your taste and quality, then you have great potential in this business.
4 Disposable Paper Plate and Cup Manufacturing
If you have a sound business plan, making disposable paper plates and cups under a 5 lakh investment can be a profitable business idea. The demand for these products has increased significantly since the ban on plastic in India.
This may be the best time to enter this business as you will be able to make profits due to the high demand. Disposable cups and plates are used for almost all functions like birthdays, weddings, anniversaries, get together, corporate events, etc.
To start this business, you will need capital to buy materials, buy machines, and a workforce. All this you can do with one machine in less than 5 lakhs. As your business grows, you can expand business by buying more machines.
5 Incense Sticks Manufacturing Business
Undoubtedly, India is a potential market for this business as incense sticks are used on various occasions.
The profit margin is relatively good; For example, if you make 100 kg of raw incense sticks in 10 hours with the help of a high-speed machine, then you can earn Rs 12 per kg from it.
You can start this business as it can be done easily within Rs 5 lakh as the cost of the machine ranges from Rs 1 lakh to Rs 2 lakh.
6 Mobile Accessories Business
The mobile phone has become an essential part of everyone’s life today. Investing in mobile phone accessories business under 5 lakh investment can be a profitable business idea. You can make a list of accessories that you will keep with you, such as phone covers, headphones, earphones, chargers, Bluetooth speakers, etc.
Once you have decided on the products, you can plan whether you want to start the business online or offline. If you do it offline, choose a place to rent at the kiosk at the market or the mall. You can approach the local dealer to buy the products so that you can get the products quickly.
You can attract more customers by offering great deals and discounts. Make sure you don’t sell low-quality products as this will leave customers dissatisfied.
7 Water Purification Units
It has become one of the most lucrative business ideas in this business due to its low investment and high profits. The primary objective behind this business is to provide clean and potable water to customers.
Investments will be required for setting up water treatment plants and for packaging and distribution. If you earn a certification for your business, it can help you gain more trust and confidence in your brand.
As per the demand or sector, you can choose your target market like commercial setup, household, corporate office, hotel industry, etc.
8 Pest Control Business
A few decades back this business was considered very basic and simple. But, in today’s time, this has completely changed and refined, and it requires a lot of equipment and insecticides to effectively remove anything from rats, cockroaches, and bed bugs to termites.
There are pests not only in homes but also in fields where they destroy fruits and vegetables. So, people search for pest control services, you can start this business as it requires less investment.
Initially, you have to invest in a small spray machine, and later in chemical spray, you can buy bigger machines as per your business requirements.
The potential customers in this business are housing societies, corporate offices, hotels, restaurants, etc. You can either approach them directly or use other market strategies to make people aware of your business.
9 Optical Frame Manufacturing
This business is flourishing in India for a few years as people wear colors not only because of eyesight problems, but it has also become a fashion trend now. The manufacturing process of the optical frame is straightforward.
The cost of machinery is around 3-4 lakhs and you will need a place to rent where you can start the construction and some staff who can help you to complete the process.
The cost of raw materials is low because plastic is cheap. Overall, the average price of a frame would be around Rs 150 to Rs 200, which includes design and labor charges.
You can sell a frame for Rs 250 to Rs 300. This means that the profit margin in this business is good. So, this can be one of the best business ideas with an investment of 5 lakhs and you would just need to maintain the quality of the frame so that the demand for it increases.
10 Consulting Agency
There is a lot of scope in this business because nowadays people need professional advice before starting any business.
It is an evergreen business idea as people always like to take advice from consulting agencies on various possibilities. This can be one of the best business ideas with an investment of 5 lakhs.
All you have to do is rent an office and hire some employees. Your role as a consulting agency is to advise others in your field of specialty.
For example, if someone wants to become an engineer, they may ask you about their studies, industry job prospects, salary, and other such questions.
You can provide counseling in any field like education, business, career, personal development, etc.
11 Export Business
You can pick any product and export it from India to any part of the world where you have contacts. The Government of India has made the export process straightforward by offering several incentive programs.
This can be a profitable business as you only need to buy a product from one manufacturer and sell it in another country. You can start exporting agricultural products as they are easily available in bulk in India.
This business can be easily started for under 5 lakhs as all you have to do is purchase the products and ship them. A few things are required to start this business, such as a registered company name, import-export code, and a current account in the name of your company.
12 Printing Business
This can be an excellent idea for a startup business as it has a high demand. Many people need visiting cards, wedding cards, invitation cards, newspapers, etc. to be printed.
Also, you can start with Flex Printing or Xerox. To start this business you just need a printing machine and ink i.e. it can be started with an investment of fewer than 5 lakhs.
You may also need some manpower to help you with the work. As the work progresses you can get more machines and expand your business.
The profit margin in the printing business is outstanding. You only need marketing to earn maximum money to get the maximum number of customers.
13 Catering business
The demand for catering remains the same throughout the year as people require it for birthdays, weddings, anniversaries, weddings, and other special occasions.
To start this business, you will also need kitchen equipment, a great cook, and a catering crew. Serving quality food is important in this business, and if you win over people with your delicious food, the market is yours.
In the beginning, you can start this business on a small scale, and then you can expand it as the demand or customer increases.
You can start it by renting or taking a small room from your home and then gradually take it to a large-scale business as and when required. Due to low investment and big profits, it can be called the best business idea with a 5 lakh investment.
14 Clothing Store
Clothing is not only a basic necessity of life but it has also become a fashion trend. These days the demand for clothing stores is high. You can either open an online store or take a place for rent.
You can sell either readymade garments or clothing items as per your knowledge or interest. To open a store, you’ll need space for rent, clothing, and some employees. Thus it is one of the best business ideas to start under 5 lakhs as the investment is low.
the demand is high and the profit margin is good. It will be best if you make sure that the clothes you buy are in line with the demand of the people where you open the store because people have different options.
some people like trendy clothes, some like simple while Some like attractive, etc. Keep your customers’ requirements in mind to prevent dead stock.
15 Content Writing Agency
Due to the growth in India’s online business, and the high demand for quality content, you can take advantage of this by opening your content writing agency and hiring creative writers and writers who have a good grasp of the English language.
Content is essential not only for websites but also for online marketing. People want a specific type of content such as educational, technical, housing-related, e-books, and more.
You can hire writers from different academic backgrounds to write in different fields. To start this business, you need to get the firm registered and complete some basic formalities.
You can initially hire up to five writers and then hire more if needed. It is a profitable business as the investment is very less, this can be the best business idea with an investment of 5 lakhs.
16 Travel Agency
This occupation may sound exciting to those who love to travel or have a good knowledge of different places in the world. This business has been flourishing for a few years now as many people are now traveling not only for business but also for holidays.
Various people do not like to book themselves but hire agencies that can do all the travel bookings. It is a straightforward business in that you do not need any special skills or experience to start.
People will contact you via phone or come to your office to book a plane, bus or train. Once you know their travel dates and other details, all you have to do is book them. If you want, you can also book hotels and taxis.
You will only need office space, a printer, a computer, and a few employees to start this business. You can start this business for under 5 lakhs and you can earn good every month.
17 Café
Looks interesting, doesn’t it? Cafes have become very popular today as people like to go there and spend time with their friends, family, colleagues, or sometimes alone.
So you can open a small cafe, and you can start it easily with an investment of 5 lakhs. Location is important if you are planning to open a cafe as you should open it either in a market, near offices, or near universities where students can spend time after college.
You can sell tea, coffee, sandwiches, mocktails, etc in your cafe. Another important thing that you should keep in mind is the ambiance, ambiance, and branding of your cafe.
The interior of the cafe should be different and should be such that people are attracted to it. Also, decorate it well so that people feel welcome and want to come here again and again.
18 Delivery Services
You can start this business with an investment of just Rs 50,000 to Rs 50,000. 1, 00,000. Delivery services have become a part of life and it is no longer just for food but groceries, gifts, flowers, and whatnot.
Today they are in huge demand and people outsource them to other companies. You can either hire a delivery man for delivery services to other companies or you can deliver their products and charge a commission on that.
The growth potential in this business is high because nowadays everything has gone online and people prefer to deliver goods to their homes as it saves their time and money. So you can start with the delivery services business as it has high growth potential and revenue.
19 Spa Services
A spa is a great way to relax mentally and physically. In today’s time, people are busy with their busy work schedules to strike a balance between work and family, etc.
in the long journey from work to home. Due to all these stress people, these days prefer to go to the spa as it makes them feel relaxed. and in peace. You can offer various services to your clients, such as full body massage, foot massage, head massage, facials, manicures, pedicures, hydrotherapy, aromatherapy, and more.
This is one of the best business ideas with a 5 lakh investment as its demand is increasing and profits are also good. While opening a spa you need to make sure that the location you choose should be good and don’t forget to create a peaceful environment and a soothing ambiance for this business.
20 Photography Business
People these days are going crazy about photography of their weddings, pre-weddings, pregnancy shoot, birthday, and much more. They want to capture every moment of their life and for this, they are ready to spend a lot of money.
To be a good photographer you must have professional skills which not everyone can do. You must have seen many photo studios where people get photos clicked for ID work or personal use but professional photography is much more than this.
Wedding photography in India is a profitable business as people are ready to spend a huge amount of money on their weddings, especially on their photos and videos.
To start this business, you will have to build a studio and for this, you will have to make a rented space. You will also need good cameras, lenses, lights, tripods, and some talented photographers on your team.
21 Wedding Equipment Rental
Are you hearing about this business for the first time yes it is a profitable business and many people are already engaged in this business, You can earn a lot of money during the wedding season, In this business?
you have to buy wedding equipment and rent them out to various event organizers. You can buy chairs, tables, lamps and lights, strings, artificial flowers, fabric for decoration, strings, etc.
You can buy these materials in bulk at a lower cost and rent them at a higher cost. You can cover your costs in just a couple of weddings, and the rest is your profit.
22 Shoe Laundry Business
Have you heard about this business before? Various people do not know about this business because it is a unique business. and there are very few people who offer these services.
You can take advantage and open a shoe laundry business that requires little investment, and its demand is increasing because many shoes cannot be washed or repaired at home.
People are concerned about their hygiene and health so they want their shoes to be clean and repaired. There is a good scope for you in this business because people don’t have enough time to do this as well they don’t know the right process.
To start this business you will need a small shop to rent and equipment to clean shoes and manpower to help you do so. Make sure you provide good services to your customers only then they will come back to your store.
23 Departmental Stores
If you want to give time to your business then this can be a great option because here you will have to spend from 10 am to 8 pm.
In a departmental store, people can do many things in one place, such as groceries, personal care products, branded food, confectionery items, and more.
These stores have become very popular these days as people love to shop here as they get everything in one place and also all the items are on display which makes shopping easy.
Owning a department store requires a decent investment, but has tremendous returns. For marketing your store you can give great offers and discounts in the beginning so that more and more people will be attracted to it. If you provide good quality products these customers will come back to your store.
24 Home-made Sweets and Sauces
Many people love to cook different dishes and are very good at making them. India is a huge market for sweets and sauces. If you know about some traditional recipes to make these, you can start this business on small scale initially, and if people like its taste then you can expand it.
This business is one of the best business ideas with an investment of 5 lakhs as it can be started with an investment of less than Rs. 50 000 and you only need a few raw materials to make sweets, sauces, jams, and snacks. You can choose any snack, dessert, or sauce you specialize in.
As people have become health conscious, they prefer to choose homemade and hygienic food. Make sure you consistently provide good quality content so that people will come back to you, as well as recommend it to your friends and family.
25 Setting up Online Stores
E-commerce has become one of the growing sectors in the 21st century. Many people think that setting up an online store will require a lot of investment but this is not true. It has many advantages, such as being affordable and convenient to set up, hence it is said to be the best business idea with a 5 lakh investment.
To start this business, you need to consult a website development company and build your website and online store. You can choose any product of your interest, such as clothing, footwear, accessories, jewelry, home decor, furniture, and more.
The best part is that you do not need to set up a physical store and can operate at your convenience. Make sure you sell high-class products and deliver them on the mentioned date so that people can trust your website completely.
26 Gym
People these days have become fitness freaks and their inclination towards healthy living and eating has increased. These are some of the reasons why opening a gym can be a great business idea. People in India follow a diet that includes carbohydrates and fats.
We also add a lot of oil to cooking which produces extra fat in the body. People have unhealthy lifestyles due to long working hours and stressful environments All these factors together motivate people to work out and go to the gym.
You can open a small gym with an investment of 5 lakhs and expand or expand the machines as more and more people join the gym. You will need a large space and basic exercise equipment, AC, and a music system to start a gym.
27 Manufacturing of Toys
This business needs creativity because you need to be able to make toys that kids love. Different types of toys are available in the market, toys made of plastic or wood. You can choose the type or make a whole range of toys according to your preference and knowledge.
Toy making is art so, you need to make sure that you make toys that kids can relate to and enjoy playing with. Investment in this business will depend on the type of toys you make and the number of machines you have installed.
If you want to set up a small-scale toy manufacturing business, it can be done efficiently in 5 lakhs. For this business, you will need machinery, space for rent, and some employees.
28 Home Maintenance Solution
Be it a commercial property or a home, both require maintenance and servicing after some time. You can start this business and include all types of services like plumbing, repair, cleaning, dry cleaning, electrical, pest control, and much more.
People would prefer to have all the services in one place. You can offer various offers and discounts or charge them for a one-time visit or an annual fee, and they can contact you as and when required.
This business requires less investment, but you can earn well as you can charge a reasonable amount from your customers for every single visit.
29 Soap and Detergent Manufacturing
Both soap and detergent can be made easier with the help of humans and machines. You can also make exotic soaps as people like to use different types of soaps.
To start a soap manufacturing business, you will need raw materials, molds, and special utensils to boil the mixture and some employees.
These are items of daily use, so the demand for these products is always constant. Handmade or herbal soaps are in great demand as people prefer to use them over chemical soaps.
Good quality products will ensure your success, so try and use an eco-friendly formula so that a lot of customers will be attracted to your products.
30 Organic Food Stores
Organic food is really expensive, it is twice the price of non-organic products. People are also changing their eating habits and food products to stay fit and eat healthily. Especially in large cities where people have become more aware of the chemicals used in food products, they switch to organic food.
The demand for these food items has increased over the years, and it seems to be a never-ending business. You can also open a small grocery store where you can give all organic goods.
You can also keep other items like cereals, pulses, pickles, sauces, etc., which are organic. To start this business, you need to take a small space to rent, approach a dealer who can supply all these products, and a refrigerator where you can store all these things because all these There are perishable things.
Wrapping up: how to make money with 5 lakh rupees
These were some of the best business ideas with an investment of 5 lakhs. You can start with low capital in the initial phase and then expand it by working hard.
Using these business ideas will be quite beneficial to help you set up your business at a low cost. Make the most of your money by thoroughly researching and planning.
You always need an idea and investment to start a business. Various people come up with a lot of schemes, but usually, they are short of capital.
